PNC Financial Services Group Inc. Cuts Holdings in Invesco Semiconductors ETF (NYSEARCA:PSI)

PNC Financial Services Group Inc. cut its position in shares of Invesco Semiconductors ETF (NYSEARCA:PSI) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 20,571 shares of the company’s stock after selling 472 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Invesco Semiconductors ETF were worth $1,191,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PSI. Raymond James Financial Inc. bought a new stake in Invesco Semiconductors ETF in the fourth quarter worth about $7,495,000. Proficio Capital Partners LLC bought a new stake in Invesco Semiconductors ETF in the fourth quarter worth about $1,033,000. Steward Partners Investment Advisory LLC raised its position in Invesco Semiconductors ETF by 33.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,380 shares of the company’s stock worth $80,000 after acquiring an additional 345 shares during the period. Jones Financial Companies Lllp raised its position in Invesco Semiconductors ETF by 84.8% in the fourth quarter. Jones Financial Companies Lllp now owns 10,903 shares of the company’s stock worth $632,000 after acquiring an additional 5,003 shares during the period. Finally, Kovack Advisors Inc. bought a new stake in shares of Invesco Semiconductors ETF in the fourth quarter valued at approximately $251,000.

Invesco Semiconductors ETF Trading Up 4.2 %

Shares of PSI stock opened at $51.91 on Monday. The stock has a market capitalization of $642.65 million, a P/E ratio of 24.55 and a beta of 1.40. The firm’s 50 day moving average is $58.25 and its 200 day moving average is $57.28. Invesco Semiconductors ETF has a 12 month low of $46.60 and a 12 month high of $67.33.

Invesco Semiconductors ETF Company Profile

PowerShares Dynamic Semiconductors Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Semiconductors Intellidex Index (the Index). The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.